300,504FansLike
227FollowersFollow
6FollowersFollow
FollowersFollow
905FollowersFollow
138SubscribersSubscribe

EXCLUSIVE: Trump administration insists embattled African Development Bank President Akinwumi Adesina should be “impartially” and “independently” investigated

Although we are headquartered in Washington D.C. USA, our reporters and editors are working around the globe to cover what you care about. We invite you to donate to our fundraiser to help us keep our quality news free and available for all.

The Donald Trump administration insisted in a statement to TODAY NEWS AFRICA in Washington D.C. on Thursday that the embattled President of the African Development Bank Akinwumi Adesina should be “impartially” and “independently” investigated to “ensure there is broad support, confidence, and a clear mandate among shareholders for the AfDB’s leadership.”

“The United States continues to value the AfDB and its efforts to promote development, reduce poverty, and address the current health and economic impacts of the coronavirus pandemic on the African continent,” a U.S. Treasury spokesperson wrote in an emailed statement.

“As Secretary Mnuchin underscored in his letter to the Chair of the Board of Governors, the United States strongly urges an impartial, independent investigation to ensure there is broad support, confidence, and a clear mandate among shareholders for the AfDB’s leadership.

[read_more id="2" more="Read full article" less="Read less"]

“Undertaking an independent evaluation of facts is not at odds with a presumption of innocence, and by promoting transparency and good governance, can only strengthen the AfDB’s capacity to deliver results to people across Africa,” the spokesperson added.

It was the first time the Trump administration had directly and publicly addressed the issue since U.S. Treasury Secretary Steven Mnuchin sent a letter on May 22 to the African Development Bank Board of Governors, rejecting an internal investigation that cleared Adesina of allegations of favoritism and nepotism, and demanding a new independent investigation.

Bloomberg quoted two persons familiar with deliberations on the matter as confirming that a new probe will take place, after unidentified whistleblowers accused Adesina, 60, of handing contracts to acquaintances and appointing relatives to strategic positions.

The report quoted the two persons as saying “Africa’s largest multilateral lender decided on the inquiry after several governments backed U.S. Treasury Secretary Steven Mnuchin’s criticism of a bank-led examination into the allegations”.

The report said Denmark, Sweden, Norway and Finland are among countries that wrote to the AfDB to back the Mnuchin’s demands for professional outsiders to look into the allegations.

But in a statement made public on Thursday but dated May 27, the AFDB said a decision on its embattled President had not been reached, adding that it was however treating allegations against him seriously.

While the board said Adesina has not been asked to resign, it neither denied nor confirmed it had agreed to open a new probe against Adesina following pressures from the Trump administration.

It did not say whether Adesina would be asked to ‘step back’ if a new probe is opened as requested by the United States and other countries backing a second probe.

The Board of Governors Chairperson, Mrs. Niale Kaba, called on the public to allow due process to follow course, adding that all board members would be consulted before a decision is reached.

The proposed investigation comes three months before the bank’s annual meeting, at which Adesina is the sole candidate to extend his five-year term.

The AAA-rated lender’s 80 shareholders in October pledged to provide funding that will help to more than double its capital base to $208 billion.

In a statement on Wednesday, Adesina said he was innocent of the “trumped up allegations that unjustly seek to impugn my honor and integrity, as well as the reputation of the African Development Bank”

Adesina, a Nigerian citizen, said he was confident that “fair, transparent and just processes that respect the rules, procedures and governance systems of the bank, and the rule of law, will ultimately prove that I have not violated the Code of Ethics of this extraordinary institution”.

On Thursday, Nigeria began defending countryman Akinwumi, praising him for his achievements at the AFDB.

In a statement, the Nigerian Minister of Finance, Zainab Ahmed, a.k.a “Mama loans”, defended Adesina in a letter to the Chairperson of the African Development Bank’s board of governors, Mrs. Kaba Niale.

She praised him for a job well done, and listed some of his achievements at the bank and in Africa.

[/read_more]

Simon Ateba
Simon Ateba
Based in Washington, District of Columbia, United States of America, Simon leads a brilliant team of reporters, freelance journalists, analysts, researchers and contributors from around the world to run TODAY NEWS AFRICA as editor-in-chief. Simon Ateba's journalistic experience spans over 10 years and covers many beats, including business and investment, information technology, politics, diplomacy, human rights, science reporting and much more. Write him: simonateba@todaynewsafrica.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Trending Now

300,504FansLike
227FollowersFollow
6FollowersFollow
1FollowersFollow
905FollowersFollow
138SubscribersSubscribe

JUST IN

Woman accused of sending poison ricin letter to President Trump arrested

A woman suspected of sending an envelope containing the poison ricin to President Donald Trump has been arrested, The Associated Press...

Bill Gates praises Africa’s response to COVID-19 but warns against collateral damage

Microsoft founder Bill Gates on Sunday praised Africa's response to the novel coronavirus but warned against collateral damage, including a drastic...

Activists warn Nigerian President bill will render anti-corruption agency EFCC ‘a toothless bulldog’

Nigeria's Socio-Economic Rights and Accountability Project (SERAP) has sent an open letter to President Muhammadu Buhari urging him to “urgently instruct Mr...

As dictatorship escalates, Ethiopia charges prominent opposition figure Jawar Mohammed with terrorism

As human rights organizations continue to warn that Prime Minister Abiy Ahmed is turning Ethiopia into a dictatorship, his administration on...

Trump reimposes all UN sanctions on Iran

The Trump administration said on Saturday it had reimposed all United Nations sanctions on Iran, although 13 of the 15 U.N....

MOST POPULAR

Damning report finds detainees in Iran were sexually abused and given electric shocks in gruesome post-protest crackdown

Iran’s police, intelligence and security forces, and prison officials have committed, with the complicity of judges and prosecutors, a catalogue of...

IMF approves disbursement of additional $1 billion for Angola to respond to COVID-19 economic fallout

The International Monetary Fund (IMF) on Wednesday approved the disbursement of an additional $1 billion for Angola to respond to...

USAID awards millions of dollars to Washington State University to combat lethal livestock disease in East Africa known as East Coast Fever

The U.S. Agency for International Development (USAID) has awarded millions of dollars to Washington State University to combat a lethal livestock...

The world should hear the cries of Oromo people in Ethiopia

The Oromo people in Ethiopia are good people and the world should hear their cries for justice, equality, peace, liberty, democracy...

President Ramaphosa calls on South Africans to save media industry in crisis amid coronavirus economic turmoil

President Cyril Ramaphosa on Monday called on South Africans to support and save the media industry amid the coronavirus economic turmoil.

Woman accused of sending poison ricin letter to President Trump arrested

A woman suspected of sending an envelope containing the poison ricin to President Donald Trump has been arrested, The Associated Press quoted three law enforcement officials as saying.The official said the yet to be identified woman was arrested at New York-Canada border and was taken into custody by U.S. Customs and Border Protection officers at the Peace...

Stay connected

[/read_more]

[read_more id="2" more="Read full article" less="Read less"]

Share
Tweet
WhatsApp
Reddit
Share